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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Retail space
202 Main St Mesa, AZ 85201-7312
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-2716275
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
CONCRETE
Total area
4,256 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C-DT
APN
138-55-004
UPID
US07-2716275
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Shakti Healing Arts Alternative Medicine Practice Spa & Massage Center
-
Laser Skin Care AZ Skin Care Clinic
-
The Appraiser Shoppe, Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$677k
Blend (final)
Blend
$675k
Owner & transaction history
Dt Mesa Spe 202 West LLC · 1 yrs held
Dt Mesa Spe 202 West LLC
since 2024
7 recorded transactions
Zoning & alternative use
C-DT · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+28.5%
Office building
$945,000
+8.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$870,000
Current use
MEDICAL BUILDING
$1,115,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$945,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$720,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$159 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,559
Tax year 2023
Assessed value
$55,061
Assessed 2024
Previous assessed
$55,061
+0.0% YoY
Effective rate
6.46%
On assessed value
Land market value
$96,500
Improvement market value
$237,200
Total market value
$333,700
Applied tax rate
41,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1945
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
4,256 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C-DT
APN
138-55-004
UPID
US07-2716275
Jurisdiction
MARICOPA
Zoning & alternative use
C-DT · Mesa, AZ
Zoning C-DT · permitted uses
C-DT · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$870,000
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$945,000
WAREHOUSE, STORAGE
Est. value
$720,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1945
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Dt Mesa Spe 202 West LLC
Entity
Mailing address
8901 E MTN VW RD STE 150TH SCOTTSDALE
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2024
—
Dt Mesa Spe 202 West LLC
Dt Mesa Holdco III LLC
Special Warranty Deed
$269,000 · Capital Fund I LLC
Jun 4, 2021
$463,000
Dt Mesa Holdco III LLC
Ch Mesa Holdings LLC
Special Warranty Deed
—
Oct 3, 2017
$3,460,000
Ch Mesa Holdings LLC
114 West Main LLC
Grant Deed
$2,900,000 · Paj Ents LLC
Nov 21, 2008
—
202 & 206 West Main Street LLC
Dedvukaj,vasel
Quit Claim Deed
related
—
Jul 1, 2008
$90,000
Vasel Dedvukaj
Dedvukaj,vasel
Warranty Deed
related
—
Jan 3, 2007
$955,000
Vasel Dedvukaj
202 & 206 West Main LLC
Warranty Deed
—
Aug 10, 2005
—
202 & 206 West Main LLC
Morehouse,john B & Lee
Quit Claim Deed
related
—
Dec 31, 1992
—
Hazel A Cummard
Cummard
Quit Claim Deed
related
—
Dec 31, 1992
$49,500
Morehouse,john B & Lee
Cummard
Trustees Deed
$44,000 · Seller
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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